[moneydance] balancing an account - the basics

[Rob Lund]

>   I think that Rob meant "what to do with the zero opening
>   balance on the very first reconciliation".

Yes, that's what I meant.  :)

>   I started MD after using QB Pro for several years, so I made
>   sure that I knew my exact account status at the time I started.
>   The very first entry in each MD account was the existing
>   balance in the corresponding QB account, recorded as a Deposit,
>   or recorded as a Payment id the account status is negative.

Phil, yours is close to my situation.  I'm migrating very slowly from  
Quicken, not to mention merging all of my finances with my new  
wife's, so it's tough to start from a completely known balance.

But we've chosen the month of our marriage as Year 1 (or Ground Zero,  
depending on your perspective!).  I've got two accounts I want to get  
caught up with reconciling against my bank statements: checking and  
savings.

For the savings account, I have set the account to an initial  
balance, per the first bank statement balance for the account.   
Starting a reconcile session for this account yields the expected  
beginning balance -- the one I entered in the Account Info settings.

Now I repeat the same steps for my checking account, but I get a  
different beginning balance than the one that I entered into the  
initial balance of the Account Info settings.  It's off by $1,697.10  
in my favor.  Hurray!  But I don't think Moneydance can give me this  
much money for free.  ;)

Any idea where I could look to figure out where this extra money is  
coming from in the opening balance?

Much thanks!
Rob